Trading Week Ahead: Will CPI Fuel or Crush the Rally?
US equity futures face renewed turbulence as Middle East strikes trigger a 5% oil spike and tech stocks stumble ahead of a high-stakes Q2 earnings season. Big banks kick off reports this week, but traders are focused on whether AI infrastructure giants can deliver the massive margin expansions needed to justify lofty valuations.
With energy-driven inflation fears resurfacing and Federal Reserve policy remaining strictly data-dependent, the upcoming US CPI, PPI, and retail sales prints guarantee a highly volatile week.
Brace for this week’s three key economic events:
👉 US CPI – 2:30, Tuesday (GMT+2)
The macroeconomic event of the week (forecast: -0.1%, prev.: 0.5%). A sharp month-on-month drop will soothe inflation fears, while an upside surprise combined with surging oil will heavily rattle risk assets.
👉 US PPI – 2:30, Wednesday (GMT+2)
A vital secondary inflation read (forecast -0.1%, prev. 1.1%). This will confirm the broader wholesale inflation trend or spark sudden US dollar volatility if it diverges from the CPI print.
👉 US Retail Sales – 2:30, Thursday (GMT+2)
A key gauge of consumer spending (forecast 0.3%, prev. 0.9%). A downside miss here signals economic cooling and will likely drag down government bond yields.
| Date | Time | Instrument | Event |
|---|---|---|---|
| 07/14/26 |
2:30 PM
|
USD
|
CPI |
| 07/15/26 |
2:30 PM
|
USD
|
PPI |
|
3:45 PM
|
CAD
|
BoC Interest Rate Decision | |
| 07/16/26 |
8:00 AM
|
GBP
|
GDP |
|
2:30 PM
|
USD
|
Retail Sales | |
| 07/17/26 |
11:00 AM
|
EUR
|
CPI |
|
4:00 PM
|
USD
|
Prelim UoM Consumer Sentiment | |
|
USD
|
Prelim UoM Inflation Expectations |
*All times in the table are in GMT+2
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